It is no surprise when someone says “well here is a new currency and its value is pretty much based on nothing” almost any of us gets suspicious. But just like money, cryptocurrencies are a concept, if we do not trust it, it won’t work.
Of course, It will take awhile before anyone can say that cryptocurrencies have a truly, 100 percent safe financial institutions. But there are signs that this can be passed.
The key to staying as safe as possible is just to do the research. There will always be a couple of unfortunate individuals that take the fall and become fraud victims. If it seems that things are too good to be true, well, they probably are. But every new striving technology will surely attract suspicious individuals especially if it includes money.
Maybe if you do not want to become a victim of fraud, you should try keeping cryptocurrencies on an offline wallet or a cryptocurrency hardware wallet.
Here is a good start point to do your research Here
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